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Khiyar al-Tarawwi

Arabic (خيار التروي) for one of khiyarat (plural of khiyar)- in English options to reconsider- that gives a party (to...

Waqf Manqul

Arabic (وقف منقول) for movable endowment (waqf). It is a type of waqf in which the subject matter (mawqoof) is...

Wakaf Ghair Manqul

Arabic (وقف غير منقول) for immovable endowment (wakaf). It is a type of wakaf (waqf) in which the subject matter...

Ringfencing

The separation of an entity's assets or profits (or return on assets) financially without necessarily having it operated as a...

Running Musharaka

A type of musharaka that employs the concept of running finance (RF); it is an alternative to running finance that…

Ras al-Mal

The capital that is provided by rab al-mal in a mudaraba contract. Put another way, it is the amount of…

Waqf Ghair Manqul

Arabic (وقف غير منقول) for immovable endowment (waqf). It is a type of waqf in which the subject matter (mawqoof)...

Muhabah

Arabic (محاباة) for deference in a transaction. More specifically, it means a favor extended in an exchange-based transaction, either by…

Makhraj Share’e

An Arabic term (مخرج شرعي) for shari’ah-compliant alternatives or solutions or way-out to come around a prohibition or a deadlock…

Mutajarah

In general, it refers to all sale transactions that are executed on a commercial basis (i.e., for the sake of…